I have just started taking steps with a view to transferring my current residential mortgage to a Buy to Let Alliance & Leicester mortgage. The bank has said that I must appoint a lawyer as part of the process. I had a chat my past Epsom and Ewell conveyancing firm who dealt with the legals when I previously bought the property. The fee calculation issued of £500 has surprised me as its a remortgage than a sale or purchase.
The estimate does seem a little steep. If you shop around you may be able to reduce the fees marginally by perhaps £100 plus VAT. That being said, if you were happy with the assistance the firm provided you maycome to rue opting for an an unknown lawyer. If is important to be sure the conveyancer can act for Alliance & Leicester . You can employ our search tool to choose a Epsom and Ewell conveyancing firm on the Alliance & Leicester conveyancing panel, which can often include conveyancing solicitors in Epsom and Ewell.
We are purchasing a newly built flat in Epsom and Ewell and my lawyer is informing me that she has to the mortgage company to reveal incentives from the seller. I am on a tight deadline to exchange and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can I use your services to find a Conveyancing solicitor in Epsom and Ewell even if I’m not buying or disposing of a house, for example where I intend to buy a shop in Epsom and Ewell with a loan from Barclays ?
The service is predominantly used to get a quote from residential conveyancing solicitors in Epsom and Ewell but we have recorded at the end of this page some Epsom and Ewell commercial conveyancing firms. You should speak with the firm directly to see if they are also authorised to represent Barclays
I just bought a flat at auction in Epsom and Ewell. Conveyancing is required. What are my next steps?
Now that you have to in every practical sense signed on the dotted line you will need to find a conveyancing lawyer as a matter of priority as you are facing a fast approaching a fixed date to complete the purchase. All auction property should have a bespoke legal set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold property the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must pass this on to the solicitor working for you as soon as possible. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.
I have been advised by my conveyancer that lack of building regulations insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Epsom and Ewell?
The right level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
I have paid off my mortgage with Barclays. I assume I don't need a Epsom and Ewell conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
What does commercial conveyancing in Epsom and Ewell cover?
Non domestic conveyancing in Epsom and Ewell incorporates a wide array of advice, given by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Last October I purchased a leasehold flat in Epsom and Ewell. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the proprietor of a ground-floor 1960’s flat in Epsom and Ewell. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
You certainly can. We can put you in touch with a Epsom and Ewell conveyancing firm who can help.
An example of a Lease Extension decision for a Epsom and Ewell flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The unexpired term was 60.43 years.